TransCanada Files Lake Erie Crossing for Millennium

TransCanada PipeLines has filed an application with the NationalEnergy Board (NEB) to build a 61-mile, 36-inch diameter pipelineacross Lake Erie. The line would provide the upstream supplyconnection for the proposed Millennium Pipeline project, whichwould extend to New York City.

December 15, 1998

Touch of Winter Gives Humongous Lift to Prices

In a huge turnaround of the cash market spurred by the arrivalof weather that finally appeared more wintry than springlike,prices were skyrocketing Monday from the abyss into which they hadsunk prior to the weekend. To say that double-digit increasescharacterized trading was a gross understatement when many pointswere rising by 50-60 cents or more.

December 8, 1998

IPAA Sees 2.4% Demand Rise Next Year

A return to normal temperatures in the first quarter andthroughout next year is likely to lead to a 2.4% increase in gasdemand in 1999, the Independent Petroleum Association of America(IPAA) said in its November Short-Run Forecast. IPAA sees demandreaching 22.3 Tcf, a peak that surpasses the previous high of 22.1set in 1972 and a significant turnaround from the 1.1% decrease to21.7 Tcf of gas demand expected this year.

November 19, 1998

NGC Results Reflect Stronger Marketing

Despite an El Nino winter and lower gas liquids prices, NGCCorp. enjoyed a first quarter substantially better than one yearago. CEO Chuck Watson attributed the improvement to better gas andliquids marketing operations in the U.S. and the U.K.

April 30, 1998

Prices Start to Retreat from Storm-Related Heights

Sources figured it was only a matter of time before this week’swinter storm-related price hikes started to fade, and the time wasThursday. Softening was only slight at most points, however, andseveral registered as flat. The biggest drops of more than a nickeltended to occur in the markets that had seen the biggest increasesearlier in the week, such as Northeast citygates and NorthernNatural-demarc.

March 13, 1998

Late-Winter Blast Boosts Prices; Waha Very Strong

Cash prices rose by a nickel to a dime virtually across theboard Monday in what sources saw as “purely a weather play.”Liquidity was a bit tighter than usual as many traders hurried tofinish and head for this week’s trade fair in Houston, one pointedout. Also, a fair amount of gas had already been committed throughthe end of the fair, he said.

March 10, 1998
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